Beyond Financial News

EV strategy on the lines of a phased manufacturing plan (PMP), ToI reported on August 14. This is part of a plan to woo global auto biggies such as Tesla in the high-end electric vehicles market. The new plan is likely to be company-agnostic and cater to the needs of the entire industry, besides playing a role in boosting the EV ecosystem in India, the report said.

RBI has revised its inflation forecast for the fiscal year 2023-24 to 5.4 per cent from 5.1 per cent previously, and projected inflation to average 6.2 per cent in July-September at its meeting concluded on 10 August. The central bank decided to keep the repo rate unchanged. Read more: July retail inflation may hit 6-mth high of 6.5%: Poll The market appears to be in a consolidation phase and a significant spike in retail inflation print may further weigh on sentiment.

PwC partners who have recently left for rival consultancies say they are being hit with unreasonable restrictions that prevent them from providing services to new clients and withhold part of their pay to make sure they comply.

For movie geeks with a penchant for alien-themed films, this curiosity finds a thrilling outlet. Alien movies offer a unique blend of speculative fiction, suspense, and wonder, allowing us to explore the «what if» scenarios in a controlled, cinematic environment. Through the lens of talented filmmakers, we're taken on journeys that explore the complexities of human-alien interactions, the awe-inspiring possibilities of advanced civilizations, and the chilling suspense of potential threats from the cosmos. Netflix, a treasure trove of cinematic experiences, houses an array of alien-themed movies that cater to this very fascination. From heartwarming tales of interstellar friendships to spine-tingling encounters with unknown entities, these films provide an avenue for our curiosity to be indulged. As we press play on these extraterrestrial adventures, we find ourselves drawn into narratives that echo our longing to connect with the cosmos.

Auditors foremost obligation is to uphold the public interest, backed by audits granted through statutes, and the firm reserves the right to refuse work for companies that do not meet essential standards of personnel treatment, governance, controls, and cooperation, said Larry Bradley, Global Head of Audit for KPMG International, on Big Four firms refusing or walking away from risky audits. In a chat with ET, Bradley talks about the efficacy of joint audits, concentration risk in audits, and the best way to regulate the profession.

MUMBAI : In a strategic shift, Citi India sold its retail business to Axis Bank and is now focussed on its institutional business and global capability centres (GCCs). By the end of this year, the bank’s GCCs that go beyond just being a back office to its global operations will employ around 30,000 people. In an interview, Citi India chief executive officer Ashu Khullar emphasized that while India is not the only option to counter the world’s dependence on China, it is a credible option, and the bank is seeing growing interest among clients to invest.

dirty fuels from Russia in years, as a slump in crude flows from the key producer and looming refinery maintenance threaten supplies. August imports of sludgy products from Russia should double from last month to about 269,000 barrels a day, initial data compiled by Bloomberg from analytics firm Kpler show. That would be the most since at least early 2017. The flows mostly include high-sulfur fuel oil and vacuum gasoil, which can be used in secondary refining units to improve yields of higher-value products like diesel and gasoline. Fuel oil is also used in shipping and power generation. Smaller imports of Russian crude in the wake of Moscow’s output cuts means India has less to refine into dirty products — prompting it to ship in more of the feedstocks from Russia. Upcoming maintenance at Indian refineries may also impact its sludgy fuels production, another reason why it’s importing more now. “It appears that there’s a strong build-up of Russian fuel oils exports to India,” said Andon Pavlov, lead analyst for refining and dirty products at Kpler. “This might have to do with the upcoming refinery maintenance in India, set to put a lid on total primary processing capacity over September-October.”

By Lewis Krauskopf

By Guy Faulconbridge

smart fences based on cutting-edge sensor and CCTV camera technologies to thwart infiltration attempts along the Line of Control (LoC), an official said on Sunday. This has strengthened border security and surveillance, Jammu-based army public relations officer Lt Col Suneel Bartwal told a group of journalists who visited forward areas in the Akhnoor and Poonch sectors. The smart fences are part of the advancements in technology that the army has integrated into its operations along the LoC, he said.

Italy is celebrating the return of 266 antiquities that were looted and sold to museums and private collectors in the United States

This article is part of our Summer reads series. Visit the full collection for book lists, guest essays and more seasonal distractions. “Anyone can make good cocktails," wrote David Embury, a tax attorney with a hobby of drinking and studying them.

Nifty remained predominantly rangebound, with the benchmark index slipping below 19,500. However, it did not experience a significant correction as traders chose to stay on the sidelines due to the upcoming holidays. From a technical standpoint, the Nifty continues to exhibit a bearish trend as it remains below the 21-day Exponential Moving Average (21-EMA).

Jailer, starring the incomparable Rajinikanth, burst onto the theatre scene. Its release was like a grand festival, creating a buzz of celebration that resonated far and wide. And that's not all – the megastar himself embarked on a serene and soulful journey to the enchanting Badrinath Temple in Uttarakhand.

Indian Air Force has inducted its latest Heron Mark 2 drones, which have strike capability and can carry out surveillance along the borders with both China and Pakistan in a single sortie itself. The four new Heron Mark-2 drones, which can be equipped with long-range missiles and other weapons systems, have been deployed at a forward air base in the northern sector, where Team witnessed their operations. The drones with satellite communication capability have given a long desired capability to the Indian Air Force, as its drones can operate at very long distances for close to 36 hours at a stretch and can also laser illuminate enemy targets from very long ranges to help fighter aircraft destroy them using their long-range weapons.

By Alexandra Valencia

Italy is celebrating the return of 266 antiquities that were looted and sold to museums and private collectors in the United States

The chief legal officer at Fox Corp. who oversaw a $787 million settlement with Dominion Voting Systems over defamation allegations against Fox News is leaving the company

Italy is celebrating the return of 266 antiquities that were looted and sold to museums and private collectors in the United States

Personal Data Protection (DPDP) Bill has been granted assent by President Droupadi Murmu, making it into law. The permission was granted by the President on August 11 and it was notified in the gazette the same day. India, which is one of the largest data markets in the world, will finally get its privacy law with the President’s assent.

September 9-10, New Delhi will host the annual summit of the Group of 20, a global forum for economic cooperation, representing 85% of the world’s output. As over 40 world leaders are expected to huddle over that weekend at Bharat Mandapam, a newly revamped convention centre in the capital's Pragati Maidan, India, as its president, may have to tread a tightrope between warring factions, building a consensus in hashing out a declaration acceptable to its members. It is a daunting task.